IDTINT'L(00167) responding to high concentration of equity, said the company can comply with the public shareholding requirements.

IDT International (00167) announced that the company has noted the announcement published by the Securities and Futures Commission (SFC) on March 27, 2026 (SFC Announcement). As disclosed in the SFC Announcement, the SFC recently conducted an inquiry into the shareholding structure of the company. The inquiry results revealed that on March 16, 2026, a total of 25 shareholders collectively held 484,828,566 shares of the company, representing 93.24% of the company's issued shares. Therefore, only 35,155,615 shares of the company's shares (6.76% of the issued shares) are held by other investors. As stated in the SFC Announcement, (a) the closing price of the company's shares increased by 989.9% from HK$0.79 on September 10, 2025, to HK$8.61 on March 16, 2026; and (b) on March 26, 2026, the company's share price closed at HK$5.60, which is 608.9% higher than the closing price of HK$0.79 on September 10, 2025. The board of directors of the company hereby clarifies that the above information is extracted from the SFC Announcement, and apart from the information in paragraphs (a) to (b) above, the company has not independently verified the information. For more details, please refer to the SFC Announcement. Based on the available information and after making all reasonable inquiries, the company confirms that as of March 16, 2026, and the date of this announcement, at least 25% of the company's issued shares are held by the public, and the company is able to comply with the public float requirements under the Listing Rules of the Stock Exchange.